25 comments

I work for one of these companies is Canada and yes, it is sleazy…but it’s the morons who come in there’s choice. Why don’t they have credit cards to buy these short term things they need? Cause they ruined their credit already…they brought this shit on themselves… these’s always been money to be made off stupidity. I feel dirty…but no one’s holding a gun to their head.

If you use them respinsibly they can be helpful, they give you three extensions. A smart person who borrows 300 with a total of 350 interest will pay the loan off then reborrow 250, pay that then pay 250 and reborrow 200 until the debt is gone. It seems like alot of money in interest but time is money and you will have a long time to pay it off. Unfortunately most people are not smart enough to do this.

and this payday loan bimbo? The stupid looking blond? “A small percentage” my ass.. I know four people who have had to declare bankruptcy because of these places. And it was, in fact COMPLETELY due to their relationships with payday lenders. They were living on nothing at the end. Absolutely nothing. And still couldn’t pay rent because those bastards worked it so their “payback” came out at the same time rent did.. thus making it necessary to borrow more.

@PaintPissOrCabaret Thank You, you are so right, they are evil because they make it so easy to get quick cash and charge piss-taking amounts of interest…i may very well be one of the next statistics facing bankruptcy as a result of using them!!

what she says was 1500- lets see the proof of that… its the interest on the loan… well duh! Payday loans are meant to be paid THE NEXT PAYDAY- not a year later— maybe we should just give irresponsible people money-that would fix everything… just print more money, thats it!

Yes payday loans are evil and prey on the most vulnerable members of society. Even so, 400% is not so bad. Here in the UK thethe payday loan interest rates are between 2000% and 4000%. It’s not against the law but it should be!

figure out your interest rate for the first year of a 30 year mortgage. Ask your bank for a list of their fees. Payday loans can cost you money just like anything else you borrow against. Here is a tip don’t borrow money in any fashion. I am a lender and we don’t loan to people who don’t have the ability to pay the money back. After I pay all of my bills to run the company I don’t make anything close to 400%, that is such a lie.

@HowlinJay I work for a payday loan company myself and get treated like shit. I got trained to do things I thought I was suppose to and all of a sudden my manager has done nothing but treated me like shit telling me everything I’m doing is “wrong”.

BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!!
In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!

Payday loans benefit people who get paid monthly. You have to wean yourself off them and that is what I am doing. I believe that the government should regulate the interest of payday loaners. People will call that socialism, but it is better to do that then to take advantage of low income middle class people. School systems, parents, communities, and our federal government need to take a class in economic and financial literacy.